Carpenter Technology Corporation $CRS Shares Bought by Citigroup Inc.

Citigroup Inc. grew its holdings in Carpenter Technology Corporation (NYSE:CRS) by 64.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,219 shares of the basic materials company’s stock after purchasing an additional 13,779 shares during the quarter. Citigroup Inc. owned approximately 0.07% of Carpenter Technology worth $8,648,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CRS. Synovus Financial Corp purchased a new stake in Carpenter Technology in the 3rd quarter valued at approximately $607,000. Bornite Capital Management LP raised its holdings in shares of Carpenter Technology by 72.6% in the third quarter. Bornite Capital Management LP now owns 258,900 shares of the basic materials company’s stock worth $63,570,000 after acquiring an additional 108,900 shares during the last quarter. Axxcess Wealth Management LLC raised its holdings in shares of Carpenter Technology by 86.2% in the third quarter. Axxcess Wealth Management LLC now owns 1,378 shares of the basic materials company’s stock worth $338,000 after acquiring an additional 638 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Carpenter Technology in the third quarter valued at $501,000. Finally, Rothschild Investment LLC acquired a new stake in shares of Carpenter Technology during the third quarter valued at $144,000. 92.03% of the stock is owned by hedge funds and other institutional investors.

More Carpenter Technology News

Here are the key news stories impacting Carpenter Technology this week:

• Positive Sentiment: Zacks Research raised near‑term and multi‑year EPS forecasts for CRS (small upward revisions to Q1/Q2 2027, FY2027 and FY2028 estimates), improving forward earnings visibility and supporting valuation and upside momentum.
• Positive Sentiment: Analyst upgrade/coverage note highlights that Carpenter is gaining pricing power in a tight specialty-metals market, implying stronger margins and cash flow potential — a fundamental rationale for the recent rally. Article Title
• Positive Sentiment: Media reported CRS hit a fresh annual high on the NYSE Composite, a technical signal that can attract momentum and institutional buyers. Article Title
• Neutral Sentiment: A comparative piece examined CRS versus Insteel Industries (IIIN) for value investors — useful context for relative valuation but not an immediate company-specific catalyst. Article Title
• Negative Sentiment: Senior VP James D. Dee sold 15,800 shares at about $391.78 (~$6.19M). While insiders often sell for diversification and he still retains a large stake, the disclosed sale can create short‑term pressure or signal partial profit‑taking. Article Title

Carpenter Technology Stock Up 0.1%

Shares of CRS opened at $397.75 on Monday. Carpenter Technology Corporation has a fifty-two week low of $138.61 and a fifty-two week high of $403.81. The company’s fifty day moving average is $346.56 and its two-hundred day moving average is $301.62. The firm has a market cap of $19.81 billion, a PE ratio of 46.20, a price-to-earnings-growth ratio of 1.56 and a beta of 1.22. The company has a quick ratio of 2.26, a current ratio of 4.25 and a debt-to-equity ratio of 0.35.

Carpenter Technology (NYSE:CRS) last released its quarterly earnings data on Thursday, January 29th. The basic materials company reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.13. Carpenter Technology had a return on equity of 23.63% and a net margin of 14.77%.The business had revenue of $728.00 million during the quarter, compared to the consensus estimate of $733.76 million. During the same period in the prior year, the firm posted $1.66 EPS. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. Analysts forecast that Carpenter Technology Corporation will post 6.83 earnings per share for the current year.

Carpenter Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Tuesday, January 27th will be issued a dividend of $0.20 per share. The ex-dividend date is Tuesday, January 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.2%. Carpenter Technology’s payout ratio is presently 9.29%.

Insider Buying and Selling

In other Carpenter Technology news, SVP James D. Dee sold 15,800 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $391.78, for a total transaction of $6,190,124.00. Following the completion of the sale, the senior vice president directly owned 73,739 shares in the company, valued at $28,889,465.42. The trade was a 17.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Brian J. Malloy sold 4,130 shares of the firm’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $303.52, for a total transaction of $1,253,537.60. Following the completion of the transaction, the chief operating officer directly owned 78,875 shares in the company, valued at approximately $23,940,140. This represents a 4.98% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 97,758 shares of company stock valued at $31,665,177. 2.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CRS. Wall Street Zen raised shares of Carpenter Technology from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. BTIG Research lifted their price target on shares of Carpenter Technology from $365.00 to $375.00 and gave the stock a “buy” rating in a report on Friday, January 30th. KeyCorp raised shares of Carpenter Technology from a “sector weight” rating to an “overweight” rating and set a $380.00 price objective on the stock in a research note on Thursday, November 13th. TD Cowen restated a “buy” rating on shares of Carpenter Technology in a research report on Friday, November 14th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Carpenter Technology from $388.00 to $394.00 and gave the stock an “overweight” rating in a research note on Friday, January 30th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $373.43.

About Carpenter Technology

Carpenter Technology Corporation engages in the manufacture, fabrication, and distribution of specialty metals in the United States, Europe, the Asia Pacific, Mexico, Canada, and internationally. It operates in two segments, Specialty Alloys Operations and Performance Engineered Products. The company offers specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels, as well as additives, and metal powders and parts. It serves to aerospace, defense, medical, transportation, energy, industrial, and consumer markets.